Workiva (NYSE:WK) Stock Rating Lowered by Zacks Research

Workiva (NYSE:WK) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other analysts also recently issued reports on WK. Wall Street Zen raised shares of Workiva from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 26th. BTIG Research set a $85.00 target price on Workiva in a research note on Wednesday, September 16th. UBS Group set a $70.00 price target on Workiva in a research report on Wednesday, August 5th. Stifel Nicolaus set a $95.00 price objective on Workiva in a research report on Thursday, August 27th. Finally, Robert W. Baird boosted their target price on shares of Workiva from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Workiva has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Workiva Stock Performance

Shares of WK stock opened at $70.26 on Monday. Workiva has a 1 year low of $43.34 and a 1 year high of $97.10. The stock’s 50-day moving average is $70.94 and its two-hundred day moving average is $59.14. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 85.69 and a beta of 0.53.

Workiva (NYSE:WK) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The business had revenue of $255.29 million during the quarter, compared to analysts’ expectations of $251.16 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. As a group, research analysts predict that Workiva will post 1.31 EPS for the current year.

Insider Buying and Selling at Workiva

In other news, EVP Brandon Ziegler sold 6,571 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the completion of the sale, the executive vice president owned 126,216 shares in the company, valued at approximately $9,588,629.52. The trade was a 4.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Workiva

Several institutional investors have recently bought and sold shares of WK. Squarepoint Ops LLC lifted its holdings in shares of Workiva by 110.7% during the 2nd quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker’s stock valued at $60,511,000 after acquiring an additional 655,396 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Workiva by 88.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker’s stock valued at $66,168,000 after purchasing an additional 520,839 shares during the period. Hawk Ridge Capital Management LP acquired a new position in shares of Workiva during the first quarter worth about $65,091,000. First Trust Advisors LP lifted its stake in shares of Workiva by 16.4% during the first quarter. First Trust Advisors LP now owns 862,936 shares of the software maker’s stock worth $51,457,000 after purchasing an additional 121,643 shares in the last quarter. Finally, Irenic Capital Management LP boosted its position in shares of Workiva by 11.1% in the fourth quarter. Irenic Capital Management LP now owns 552,010 shares of the software maker’s stock worth $47,611,000 after buying an additional 55,000 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

About Workiva

Workiva Inc is a cloud-based software company that helps organizations manage complex reporting, compliance and operational processes. Its platform connects data from multiple sources, enabling users to prepare, review and distribute financial reports, regulatory filings, management reports and other business documents through a collaborative digital environment.

The company’s products support financial reporting, environmental, social and governance (ESG) reporting, risk management, internal controls, audit management and regulatory compliance.